Question: Is 95k A Good Salary In California?

Is 90k a good salary in California?

Bottom line is that $90K a year is solidly middle class and well above the LA County median household income.

You can not only get by, but you can have all the necessities of life, a few minor luxuries, a small retirement and short term savings each month, and generally live a good quality of live..

What is a good salary to live comfortably in California?

The website Gobankingrates.com jumped in and did the math for us in their piece, “How Much Money You Need to Live Comfortably in the 50 Biggest Cities”. They calculated an annual income of $74,371 was about right for the average person to live comfortably in Los Angeles.

Is 100k a good salary in California?

It’s a good annual income for an individual, absolutely. It’s even a fairly good household income. Carefully managed, it would over time afford a person an “average”(average selling price) home in Los Angeles county, assuming you had the discipline to save a nominal down payment.

What is a livable salary in California?

A single person in California needs to earn, on average, about $12.30/hour working full time to cover basic living expenses. Add a kid to the mix, and that rate rises sharply to more than $25/hour. That’s according to the Living Wage Calculator created by Amy K.

What is middle class income in California?

US Household Income by TierLocationMiddle Income3Arizona$76,860.004Arkansas$76,569.005California$77,806.006Colorado$81,234.006 more rows•Nov 20, 2019

What is considered rich in California?

“To be rich in California means you’ve really hit the big time,” says GOBankingRates. “California is one of the seven states in the country — eight if you include Washington, D.C. — in which you’ll need at least $250,000 to reach the top 5%.”